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Issue: Big Data In Energy

Issue: Big Data In Energy. How can the energy sector leverage big data technology?. Current Challenges in the Sector. Increased Demand for Energy Fragmented Infrastructure Access. Opportunities. Risks. Improved quality of services Increased environmental safety

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Issue: Big Data In Energy

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  1. Issue: Big Data In Energy How can the energy sector leverage big data technology?

  2. Current Challenges in the Sector • Increased Demand for Energy • Fragmented Infrastructure • Access

  3. Opportunities • Risks • Improved quality of services • Increased environmental safety • Meeting Climate Change Goals • Cost-Savings • Security • Privacy • Environment

  4. Guiding Principles Improve the Quality or Delivery of Services Improve Cost-Effectiveness of Public Sector Spending Raise Equality Outcomes for Vulnerable Populations

  5. Evaluation • 1. Micro Grants • Outcome → • Encourage tech development • Strengths • - Leveraging resources • - Efficiency outcomes • - Low-risk • - Cost-savings • Drawbacks • - Limited regulation • - Privacy, security, environmental concerns 3. Infrastructure & Open Source Outcomes→ Build capacity and encourage innovation Strengths - Leverage the opportunities - Increased security - Increased access - Long-term cost-savings Drawbacks - Privacy - Costly • 2. Modernized Regulation • Outcomes → • Safety and usage standards • Strengths • - Continuity • - Safety and environmental - Security • Drawbacks • - Privacy • - More costly • - Access

  6. Recommended Option • Governments fund infrastructure investment • Infrastructure: • Decentralized energy • Smart Metering/Real-Time pricing • Combined Heat and Power • Different implementation in US and Canada • Short-term costs, long-term pay-offs • Open Sourcing • Security and Privacy Regulations • Spark innovation • Transparency • Timeline: Phased implementation – 10 Year Goal

  7. Analysis • Addressing Key Challenges • Equity with real time pricing - Opt-out Option • Privacy restrictions • Security concerns • Both demand and supply side • Environmental Protections

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